Louisiana State Employees Retirement System Has $1.11 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

Louisiana State Employees Retirement System decreased its position in Teradyne, Inc. (NASDAQ:TER) by 4.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,800 shares of the company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Teradyne were worth $1,108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TER. Assenagon Asset Management S.A. grew its holdings in shares of Teradyne by 1,767.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock valued at $116,233,000 after buying an additional 873,626 shares during the period. Alkeon Capital Management LLC boosted its stake in Teradyne by 189.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock worth $153,218,000 after purchasing an additional 749,003 shares during the period. Holocene Advisors LP acquired a new position in Teradyne in the 3rd quarter worth $91,129,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Teradyne by 16.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after purchasing an additional 393,175 shares during the period. Finally, State Street Corp boosted its stake in Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after purchasing an additional 350,002 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TER shares. Craig Hallum reduced their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Susquehanna increased their price objective on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. Robert W. Baird reduced their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Cantor Fitzgerald restated an “overweight” rating and set a $160.00 price objective on shares of Teradyne in a research note on Thursday, January 30th. Finally, StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.77.

Teradyne Stock Up 0.4 %

Shares of TER stock opened at $113.25 on Tuesday. The firm has a 50 day moving average price of $125.31 and a two-hundred day moving average price of $123.06. The company has a market capitalization of $18.44 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 2.70 and a beta of 1.45. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, research analysts expect that Teradyne, Inc. will post 3.91 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.42%. Teradyne’s dividend payout ratio is presently 14.41%.

Teradyne declared that its Board of Directors has initiated a share repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 614 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $62,628.00. Following the transaction, the chief financial officer now directly owns 30,446 shares of the company’s stock, valued at approximately $3,105,492. This trade represents a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is currently owned by company insiders.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.